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Oct 5, 2013
10/13
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ceiling, you'll run a clean debt ceiling bill. but can you be clear on where you and your conference is on the debt ceiling. >> you heard me saying this, going back over the last two or three years. our goal wasn't to shut down the government. our goal here was to bring fair tons the american people under obama care. i don't believe that we should default on our debt. it's not good for our country. but after 55 years of spending more than what you bring in, something ought to be addressed. this year, we'll have more revenue than any year in the history of our country and yet still have a nearly $700 billion deficit. i think the american people expect if we're going raise the amount of money we can borrow, we ought to do something about our spending problem in the lack of economic growth in our country. >> is this shutdown -- this showdown about the affordable care act? is it about the budget deficit? why is the government shut down right now? saying the 11th hour, when the >> we sent four billes to the united states senate. four d
ceiling, you'll run a clean debt ceiling bill. but can you be clear on where you and your conference is on the debt ceiling. >> you heard me saying this, going back over the last two or three years. our goal wasn't to shut down the government. our goal here was to bring fair tons the american people under obama care. i don't believe that we should default on our debt. it's not good for our country. but after 55 years of spending more than what you bring in, something ought to be...
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Oct 6, 2013
10/13
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please raise the debt ceiling. no conditions. just raise the debt ceiling. congressional republicans say, we will raise it but with conditions, anywhere from ending the affordable care act to privatizing social security to ending other federal programs. what we now have is this huge convergence of two issues, kris, first disagreement on what to do about the budget and the second, what to do with that. >> thank you, larry, for coming in. still ahead on "today in the bay," we'll tell you why hundreds of people took the plunge in the san francisco bay. >>> welcome back. it is going to be another warm day across the bay area. kind of like what we saw yesterday. places that got back into the 80s will be there. even bayside, mid-80s. inland, close to 90 degrees. we want to make sure you take it easy. right now, very comfortable. fall, crisp air in place. 44, santa rosa. 48, napa, gilroy, 43 degrees. our winds are offshore for today. that's a warming wind. that's what's going to warm us up very quickly for this afternoon. in the long-term, we are tracking a few sho
please raise the debt ceiling. no conditions. just raise the debt ceiling. congressional republicans say, we will raise it but with conditions, anywhere from ending the affordable care act to privatizing social security to ending other federal programs. what we now have is this huge convergence of two issues, kris, first disagreement on what to do about the budget and the second, what to do with that. >> thank you, larry, for coming in. still ahead on "today in the bay," we'll...
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Oct 10, 2013
10/13
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meantime, house republican leaders they will visit the white house to talk about the debt ceiling and possible extension on that. to figure things out. ment obama had invited the full republican caucus but john boehner is only bringing the house leadership team and committee chair to talk about the government shutdown. president obama met with the house democratic caucus yesterday. >> the government shutdown is also hurting the bay area's local craft beer industry. the agency known as ttb for tax and trade bureau is responsible for approving new applications for brews and labels. because the agency is closed nothing is getting approved. for beer lovers that means seasonal suds especially ones made for the holidays probably won't make to the store shelves. >> we live in california so we kind of don't have a season so we need those, the pumpkin spice indicator so to speak. that will be a shame we can't try new things. >> among the companies affected border beer. several new labels are waiting for permits all on hold because of the shutdown. >> the markets continue to fluctuate as washin
meantime, house republican leaders they will visit the white house to talk about the debt ceiling and possible extension on that. to figure things out. ment obama had invited the full republican caucus but john boehner is only bringing the house leadership team and committee chair to talk about the government shutdown. president obama met with the house democratic caucus yesterday. >> the government shutdown is also hurting the bay area's local craft beer industry. the agency known as ttb...
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Jan 14, 2013
01/13
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on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy. and you did. so if you say now you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one minute to midnight scenario that you're not going to back down? >> first of all, julianna, let's take the example this year in the fiscal cliff. i did not say i wouldn't have any conversations at all about extending the bush tax cuts. what i said was we weren't going to extend bush tax cuts for the wealthy. and we didn't. now, you can argue that during the campaign i said -- i set the criteria for wealthy at 250 and we ended up being at 400, but the fact of the matter is, millionaires, billionaires are paying significantly more in taxes, just as i said. so from the start, my concern was making sure that we had a tax code that was fair and that protected the middle class, and my biggest priority was making sure the middle class
on the debt ceiling, and you did. last year you said that you wouldn't extend any of the bush tax cuts for the wealthy. and you did. so if you say now you're not going to negotiate on the debt ceiling this year, why should house republicans take that seriously and think that if we get to the one minute to midnight scenario that you're not going to back down? >> first of all, julianna, let's take the example this year in the fiscal cliff. i did not say i wouldn't have any conversations at...
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Oct 4, 2013
10/13
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debt ceiling. a long shutdown and potential debt default could have a greater impact on the economy. the treasury department warns that the default could plunge the u.s. in a worse recession than the one from 2007-2009. there is no economic data today. we were expecting the monthly jobs report but that's been postponed indefinitely because of the government shutdown. the dow dropping 137 to 14,996. the nasdaq losing 41 to 3774. and twitter takes the wraps off the details of its anticipated ipo, social media site looks to raise $1 billion and will use the symbol twtr though it won't say whether it will trade on the nysd or the nasdaq. it has 218 million monthly users and gets the bulk of ad revenue from mobile devices. twitter is still in the red. facebook is introducing ads to instagram. the photo and video sharing site it bauxt users will see ads occasionally and be able to hide ads after they watch them and provide feedback on why they didn't like a particular ad. but everybody loves ads so i'm s
debt ceiling. a long shutdown and potential debt default could have a greater impact on the economy. the treasury department warns that the default could plunge the u.s. in a worse recession than the one from 2007-2009. there is no economic data today. we were expecting the monthly jobs report but that's been postponed indefinitely because of the government shutdown. the dow dropping 137 to 14,996. the nasdaq losing 41 to 3774. and twitter takes the wraps off the details of its anticipated ipo,...
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Oct 10, 2013
10/13
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in the meantime, house republican leaders will visit the white house today to talk about the debt ceiling. president obama had invited the full republican caucus but speaker john boehner is only bringing the house leadership team and committee chairs to talk about the government shutdown. president obama met with the house democratic k iic caucus. >> the shutdown is hurting the craft beer industry. the agency known as the tax and trade bureau now responsible for approving new applications for brews and labels. because the agency is closed, nothing is getting approved. for beer lovers, that means seasonal suds especially ones made for the holidays, probably will not make to the your shelves. >> we live in california so we kind of don't have seasons so we need those, the pumpkin spice indicator so to speak. that will be a shame that we can't sample new things. >> got serious need for ingredients for the brew. among the companies affected, gordon beers here in san jose, it has several new beer labels waiting for permits and they are all on hold because of the ongoing shutdown. >> it's 5:45.
in the meantime, house republican leaders will visit the white house today to talk about the debt ceiling. president obama had invited the full republican caucus but speaker john boehner is only bringing the house leadership team and committee chairs to talk about the government shutdown. president obama met with the house democratic k iic caucus. >> the shutdown is hurting the craft beer industry. the agency known as the tax and trade bureau now responsible for approving new applications...
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Aug 27, 2013
08/13
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to remind you, the debt ceiling covers repayment of debt we already have. congress fussing about not raising the debt/z+ ceiling. remember congress set the budget. so as we wade through the politics, and there's a lot of politics, keep in mind those truths. finally, jon and laura, brand new this morning, facebook issued a report saying governments from 74 countries have asked for information on 38,000 facebook users in the past six months. half those requests coming from the u.s. government. facebook joining google and twitter in revealing as much as it can about demands for data, which is not very much. they wish they could talk about it more. >> interesting. thanks, scott. >>> 6:57, let's clerk back in with christina loren. you have an update on the fire in yosemite. >> we just got the most recent acreage, unfortunately it's not great news. still just 20% contained. now the acreage is up to 179,481 acres up from the 160,000 acres that we reported overnight. so what we can tell you is there's a potential for pretty good showers to move over that fire today
to remind you, the debt ceiling covers repayment of debt we already have. congress fussing about not raising the debt/z+ ceiling. remember congress set the budget. so as we wade through the politics, and there's a lot of politics, keep in mind those truths. finally, jon and laura, brand new this morning, facebook issued a report saying governments from 74 countries have asked for information on 38,000 facebook users in the past six months. half those requests coming from the u.s. government....
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Feb 6, 2013
02/13
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but i think that maybe part of what we are seeing on the debt ceiling is the last fight over the debt ceiling back in the summer of 2011 turned out to be a terrible self-inflicted wound for the american economy. we saw consumer confidence plummets, our debt got downgraded. i think that's part of why i think even republicans who care very much about spending are nervous to use as a bargaining chip again, precisely we saw how damaging bringing into question the credit worthiness of the american government was. so am hopeful that we won't keep fighting over this, that we'll have the right fight, which is what she' just any become whicho about the deficit, and not should we pay the bill. i think that's a terrible what. >> and there's a very interesting question about whether, in retrospect, whether republicans leveraging the debt limit in the summer of 2011 could get a bill that cut spending by one to $2 trillion going forward, whether, in fact, that was worth it. because what they did was they introduce liquidity rates by saying hey, if you don't cut spending when not going to vote for a
but i think that maybe part of what we are seeing on the debt ceiling is the last fight over the debt ceiling back in the summer of 2011 turned out to be a terrible self-inflicted wound for the american economy. we saw consumer confidence plummets, our debt got downgraded. i think that's part of why i think even republicans who care very much about spending are nervous to use as a bargaining chip again, precisely we saw how damaging bringing into question the credit worthiness of the american...
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Jan 7, 2013
01/13
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the debt ceiling vote will authorize payment of debt we already incurred. let me show you an example of someone talking about the debt ceiling and getting it wrong. >> the president is addicted to spending. he wants to spend. he wants a new credit card after he's maxed out the last one. >> reporter: a better analogy is we maxed out the credit card we have and now we have to pay the bill. paying the bill is very important to the credit rating of the united states. >> just like we all have to do. >> yeah, right. we'll keep an eye on that one, scott. thank you for breaking it down. >>> meteorologist christina loren talking 60s today for this back to work monday. >> we'll get paid with sunshine this afternoon. good monday morning to you. temperatures this morning running cool. we have patchy fog out there to make you aware of. quarter mile or less in spots. quarter mile in livermore. half a mile in santa rosa. the good news is we'll lose that low cloud cover by noon today. 48 degrees as you break for lunch inland. you'll need your jacket at that point. hour by
the debt ceiling vote will authorize payment of debt we already incurred. let me show you an example of someone talking about the debt ceiling and getting it wrong. >> the president is addicted to spending. he wants to spend. he wants a new credit card after he's maxed out the last one. >> reporter: a better analogy is we maxed out the credit card we have and now we have to pay the bill. paying the bill is very important to the credit rating of the united states. >> just like...
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Jan 22, 2013
01/13
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a vote coming up about the debt ceiling. in other words, they want to raise the debt cerealing ingce. they say that democrats are going to have to in the senate pass a budget or they won't get paid. it's part of the vote coming up. senate democrats being pressured to deal with the budget in a comprehensive way and not two months at a time although this measure they are voting on for the debt ceiling raising the debt ceiling would really only last until spring. still sort of a piecemeal approach while both sides say they want to do more comprehensive approach similar to what the president laid out but haven't worked out details. >> we'll find out if pressuring their pocketbooks will help out here. the question for you here, why is the vote set for tomorrow and what group do you see most under pressure? >> reporter: they need to deal with this quickly. the treasury department said unless we borrow more money come mid february we won't be able to pay bills. the house has to vote on it. senate has to vote on it. work out kinks a
a vote coming up about the debt ceiling. in other words, they want to raise the debt cerealing ingce. they say that democrats are going to have to in the senate pass a budget or they won't get paid. it's part of the vote coming up. senate democrats being pressured to deal with the budget in a comprehensive way and not two months at a time although this measure they are voting on for the debt ceiling raising the debt ceiling would really only last until spring. still sort of a piecemeal approach...
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Sep 26, 2013
09/13
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wourryes over the debt ceiling have invest terse worried. seema. >> good morning. stocks falling for a fifth day, the s&p 500 the longest losing streak of the year. investors continue to worry about the fight over the budget and debt ceiling in washington. that overshadowing some of the positive news. we get reports out on unemployment, housing and the final look at second quarter gdp which may show that the economy grew more than thought. the dow falling 61 points. twitter striking an advertising deal with the national football league league. nfl will pack its content in sponsored tweets. verizon has exclusive ad rights during the super bowl. its appeal to viewer who is use a service to beat the what they are watching. starbucks filing for a trademark on fizio. the name would be for beverage machines and a variety of drinks. it's testing three flavors. it's giving customers the option to make other drinks fizzy including get this, iced tea and iced coffee. not sure how i feel. >> fizzy iced tea a. fizzy arnold palmer. thanks so much. >> need a good sweater this mo
wourryes over the debt ceiling have invest terse worried. seema. >> good morning. stocks falling for a fifth day, the s&p 500 the longest losing streak of the year. investors continue to worry about the fight over the budget and debt ceiling in washington. that overshadowing some of the positive news. we get reports out on unemployment, housing and the final look at second quarter gdp which may show that the economy grew more than thought. the dow falling 61 points. twitter striking...
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Mar 16, 2013
03/13
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made this debt ceiling fight the quake child's play. rubin had to be creative as to where he was breaking a lot of buying time on the debt ceiling. there is brinksmanship all the time and the lesson to learn from not insist that it's really hard. the same issues that are tangential issues. the server to the heart and minds of americans over the country and issues lawmakers and for election on taxes and spending, government programs and so we can expect them to walk away from their principles and beliefs because they want to get a deal. a >> host: the bottom line is president clinton and house republicans stood before the balanced budget the last three or four years. >> host: into the bush administration. >> guest: that's right. and like i said, some of it had to do with the roaring economy. they definitely made changes to the welfare program and other spending programs in a way that eliminated the deficit, which was something in u.s. history was incredibly hard to do. >> host: jacob is very intelligent. the 12-year-olds don't speak that
made this debt ceiling fight the quake child's play. rubin had to be creative as to where he was breaking a lot of buying time on the debt ceiling. there is brinksmanship all the time and the lesson to learn from not insist that it's really hard. the same issues that are tangential issues. the server to the heart and minds of americans over the country and issues lawmakers and for election on taxes and spending, government programs and so we can expect them to walk away from their principles...
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Aug 27, 2013
08/13
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congress is fussing about not raising the debt ceiling. remember congress is the one who set the budget in the first place. as we wade through all the politics of this, and there will be a lot, keep those truths in mind. wall street hates fights over the debt ceiling because it makes the u.s. look foolish and even the discussion of the u.s. government not paying its bills, defaulting on u.s. debt, can make interest rates rise. the next time you want to refinance, don't be surprised if your interest rate goes up. creditors don't want to hear that. wall street is worried about that, worried about the situation in syria. money fleeing stocks. speculators are bidding up the price of oil as well. gas prices have been surprisingly low lately. that could come an end if there's american military action in syria. syria doesn't have much oil, less than australia. unrest in the middle east never good for oil prices. >> thank you very much. switching gears, something a little more fun this morning. 5:56. looking to cash in on the wings, the big craze,
congress is fussing about not raising the debt ceiling. remember congress is the one who set the budget in the first place. as we wade through all the politics of this, and there will be a lot, keep those truths in mind. wall street hates fights over the debt ceiling because it makes the u.s. look foolish and even the discussion of the u.s. government not paying its bills, defaulting on u.s. debt, can make interest rates rise. the next time you want to refinance, don't be surprised if your...
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Sep 27, 2013
09/13
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it's the debt ceiling that's way more worrisome. neither budging on that. if the government defaults on its debt, something it hasn't done since president george washington was in charge, it could cause enormous economic problems or at least we think it will because it hasn't happened before. we don't know. it's happened, say, in ecuador. think about how worried we got about portugal or italy or greece. if greece defaulting makes wall street crazy how about the united states. that's part of what's driven the markets lower. thursday we did see a slight wind. it's google's birthday for the second time this m. all kinds of ways to measure. september 27th it has this doodle. a google doodle for itself. you get to play with a pinata and it's fun. it's on google this morning. there are other things changing on google. particularly they tweaked their search engine. this will matter if you have a website. it could affect your traffic to your site. if you are a google user, there are some new features like a comparison engine. type in butter versus margarine and you
it's the debt ceiling that's way more worrisome. neither budging on that. if the government defaults on its debt, something it hasn't done since president george washington was in charge, it could cause enormous economic problems or at least we think it will because it hasn't happened before. we don't know. it's happened, say, in ecuador. think about how worried we got about portugal or italy or greece. if greece defaulting makes wall street crazy how about the united states. that's part of...
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Jan 4, 2013
01/13
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in the senate, republicans vow not to raise the debt ceiling again unless congress cuts spending. >> the first step in this debate is for democrats to get over their fanatical commitment of spending every dime the government got its hands on. it has to stop. >> a future budget agreement must balance thoughtful spending reductions with taxes on the wealthiest among us. >> reporter: it is expected to hit its borrowing limit again in february, another fiscal cliff, round two, begins today. also on their agenda overhauling the tax code. tracie potts, nbc news, washington. >>> futures are down slightly ahead of big economic numbers due out today. toyota and audi want to let your car doing the driving for you. for more on that and the rest of your news before the bell, we turn to brian shactman live at cnbc world headquarters. good morning. >> reporter: good morning. futures have improved a bit. basically flat ahead of the big economic report of the day, the december jobs number. analysts expect another month of slow but steady growth but not enough to call it a turning point for the econo
in the senate, republicans vow not to raise the debt ceiling again unless congress cuts spending. >> the first step in this debate is for democrats to get over their fanatical commitment of spending every dime the government got its hands on. it has to stop. >> a future budget agreement must balance thoughtful spending reductions with taxes on the wealthiest among us. >> reporter: it is expected to hit its borrowing limit again in february, another fiscal cliff, round two,...
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Jan 23, 2013
01/13
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first of all, raising the debt ceiling. allowing the country to borrow more to pay off the debt that we have already incurred. something president obama was pushing more. conservative republicans wanted to see cuts first. now the republican leadership said we won't link the two. we'll raise the debt ceiling until the middle of may. however there is a catch. they want to ensure that a budget is in place. a spending plan for the country. so the vote also says if lawmakers on either said don't pass a budget by april 15 -- tax day for everyone else -- they would lose their income. no paychecks until they have a budget. that's where we are now. that's the crux of the vote coming up today. the white house says the president will sign the bill if it's passed. republican ps have been counting their votes. despite opposition still from conservatives who want to see spending cuts happen first. they believe they have the votes for it to pass. 17 conservatives could derail that. >> we'll see if there is movement. thank you very much. >
first of all, raising the debt ceiling. allowing the country to borrow more to pay off the debt that we have already incurred. something president obama was pushing more. conservative republicans wanted to see cuts first. now the republican leadership said we won't link the two. we'll raise the debt ceiling until the middle of may. however there is a catch. they want to ensure that a budget is in place. a spending plan for the country. so the vote also says if lawmakers on either said don't...
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May 23, 2013
05/13
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the budget contains nothing about the debt ceiling. the budget does not consider the debt ceiling. when all of us were here all night debating the budget, we did not debate the debt ceiling. western here is whether the majority of the senate will be allowed to boost the debt ceiling, a totally different issue onto the budget. and the reason for doing it. it would allow passing a debt ceiling increase with just 50 votes and i think it would be profoundly irresponsible. especially for this body to raise the debt ceiling without getting the economy going, getting the jobs back, without stopping the path we are in bankrupting this country. that is what this is about. i yield the floor. >> senator from utah. >> mountain, i would like to follow. the senator from virginia. we need to have this debate. we need a budget. the american people have been without it for four years. it is because we want this debate and we want this issue debated. in public. we have this concern. in other words, as the senator pointed out just a moment ago, there are a lot of issues that we have asked and debated
the budget contains nothing about the debt ceiling. the budget does not consider the debt ceiling. when all of us were here all night debating the budget, we did not debate the debt ceiling. western here is whether the majority of the senate will be allowed to boost the debt ceiling, a totally different issue onto the budget. and the reason for doing it. it would allow passing a debt ceiling increase with just 50 votes and i think it would be profoundly irresponsible. especially for this body...
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Jan 14, 2013
01/13
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we hit that debt ceiling and now it's about the debt limit. >> we hit it in technically in december but in order to keep paying the bills the government delayed some payments so it looks like we'll hit that ceiling or that limit again in mid february. congress has got to do something about that. the house is back today. republicans are going to push for spending cuts. remember their mantra has been no more borrowing without limiting what we're spending and among spending cuts they are likely to look at social security this time. >> there's also some trouble on capitol hill ahead of chuck hagel's confirmation hearing. >> the confirmation hearings we have coming up at least three of them. chuck hagel could be the most difficult because democrats and republicans here have some challenges and lots of questions for him. still they say about the stance on iran and things he said about iraq and israel and whether he stands close enough with israel as ally. the white house is confident he'll be confirmed. it's not going to be an easy process. >> one month since the school shooting at sandy hook
we hit that debt ceiling and now it's about the debt limit. >> we hit it in technically in december but in order to keep paying the bills the government delayed some payments so it looks like we'll hit that ceiling or that limit again in mid february. congress has got to do something about that. the house is back today. republicans are going to push for spending cuts. remember their mantra has been no more borrowing without limiting what we're spending and among spending cuts they are...
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Jan 25, 2013
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. -- debt ceiling." what we're talking about here is congress' power to borrow money and how we should be paying our bills based on that or some other med of -- method of raising revenue. so i think that's important to keep in mind. >> mr. hoagland, you were a member of that task force as well. >> yes. and in fairness, congressman, that task force also recommended a balanced plan that included tax increases as well as spending cuts, more on the spending side than the reduction in the rate of growth. the occasions of the debt level that were headed at 77% growing into the future i think has jeopardized, quite frankly, our standing in the world. when we have about 40, 50% of in this debt owned by invest beers outside of the ideas -- investors outside of the united states, we're raising questions about the sovereignty of this country going forward. and in terms of where's the turning point, i think that's the problem most economists would say they can't answer that question. who knows when that last drop in
. -- debt ceiling." what we're talking about here is congress' power to borrow money and how we should be paying our bills based on that or some other med of -- method of raising revenue. so i think that's important to keep in mind. >> mr. hoagland, you were a member of that task force as well. >> yes. and in fairness, congressman, that task force also recommended a balanced plan that included tax increases as well as spending cuts, more on the spending side than the reduction...
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Sep 1, 2013
09/13
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then we have the question of the debt ceiling. lifting that debt ceiling because congress, of course, is spending more money than it's taking in. that happens almost every year. and a number of republicans in congress don't want to lift the debt ceiling unless they get some kind of a deal that imposed even more draconian cuts in spending. the question is do you lift that or not? and finally, the whole question of the federal budget in itself. congress thus far this year has passed precious few bills. the slowest congress in memory. there are all these spending bills that have been stacked up wa like planes waiting to leave the airport, if you will, and the question is will they pass the budget by october 1st or will it be yet another what we call continuing resolution? all three of these come together. republicans would like to manage them as a package. the president and democrats would like to handle them one at a time so nobody has too much lingage or pressure on the other. >> of course, there's the immigration issue as well. qu
then we have the question of the debt ceiling. lifting that debt ceiling because congress, of course, is spending more money than it's taking in. that happens almost every year. and a number of republicans in congress don't want to lift the debt ceiling unless they get some kind of a deal that imposed even more draconian cuts in spending. the question is do you lift that or not? and finally, the whole question of the federal budget in itself. congress thus far this year has passed precious few...
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Jan 16, 2013
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ceiling. treasury said the move would give it $156 billion in additional spending capacity and insist that retirees will receive benefits. in a letter to john boehner, treasury secretary tim geithner said the step has been taken before during previous impasses over the debt limit. several republican lawmakers are set to direct treasury to prioritize which bills to pay if congress doesn't raise the debt ceiling. let's get you a check on the markets. futures are lower as we get big earnings this morning from jp morgan and goldman sachs. we have jpmorgan lower whereas goldman sachs is higher. stocks advanced yesterday with the dow extending the winning streak to five days and the s&p 500 hitting a five-year high. we get data out on consumer prices, industrial production and housing. watch out for that. back to you. >> seema, thank you very much. it's 5:17. as you know, facebook yesterday announced the new search. we'll look at what it can do in a bit. >> we look forward to that, thanks. >> 5:17 n
ceiling. treasury said the move would give it $156 billion in additional spending capacity and insist that retirees will receive benefits. in a letter to john boehner, treasury secretary tim geithner said the step has been taken before during previous impasses over the debt limit. several republican lawmakers are set to direct treasury to prioritize which bills to pay if congress doesn't raise the debt ceiling. let's get you a check on the markets. futures are lower as we get big earnings this...
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Oct 8, 2013
10/13
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the debt ceiling deals with money we already spent. expenditures authorized by congress, congress which is then reluctant to paynn for them. alka tell will lay uf 10,000 workers, it has a large presence in silicon valley. we don't know what effect the announcement will have here. the silicon valley company nest has a new product, a smoke detectors. it makes that smart thermostat. the new nest smoke detectors will detect carbon monoxide as well. the cost is about $125. i looked it up. at that price you could buy five run of the mill. these new ones have features, it will send a message to your phone. so if you get a motion from your phone, hour house is on fire. >> thank you very much. check the forecast meteorologist christina loren. you can feel it's a cool start. >> it certainly is. always want to remember that smoke detector and the batteries as we've seen many times smoke detectors save lives a. good looking day shaping up. distinguish air quality. plenty of 50s to go around. 52 in livermore. want to talk about your morning drive.
the debt ceiling deals with money we already spent. expenditures authorized by congress, congress which is then reluctant to paynn for them. alka tell will lay uf 10,000 workers, it has a large presence in silicon valley. we don't know what effect the announcement will have here. the silicon valley company nest has a new product, a smoke detectors. it makes that smart thermostat. the new nest smoke detectors will detect carbon monoxide as well. the cost is about $125. i looked it up. at that...
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Oct 5, 2013
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did not havereece a debt ceiling boat. detroit did not have a debt ceiling boat. it is like turning off the smoke alarm when the fire breaks out. >> i want to press you on that a little more. you mentioned moody's. moody's said that even if we prioritize the debt,, november 1 when we have a payment due they will not be enough receipts in the federal treasury to pay both the bondholders and social security recipients, much less veterans health care and military salaries and all of the other things you have exempted from the shutdown. than this be even worse the shutdown? >> the full faith and credit act , in accordance with the constitution, exquisitely exams -- explicitly exempts social security. it would not be a part of the calculation. at some point we have to deal with this debt crisis. there are those who always want to put it off to the next day. inm sure there were voices greece, in detroit, saying put it off for another day. but no, we have to do this today. i am saying this not just as a congressman, but as the father of a 10-year-old son and 11- year-old
did not havereece a debt ceiling boat. detroit did not have a debt ceiling boat. it is like turning off the smoke alarm when the fire breaks out. >> i want to press you on that a little more. you mentioned moody's. moody's said that even if we prioritize the debt,, november 1 when we have a payment due they will not be enough receipts in the federal treasury to pay both the bondholders and social security recipients, much less veterans health care and military salaries and all of the...
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Jan 5, 2013
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raise the debt ceiling, more money can be borrowed. >> the last time they couldn't get the debt ceiling under, that's where we got to the fiscal cliff, right? >> that's right. that big fight over raising the debt ceiling. remember, the danger -- this is one reason the president wanted the first deal, the thing he's really thinking about when he says i am not negotiating, i'm not letting this in negotiations, raising the debt ceiling, he doesn't want the worlds destabilized. he wants to get the united states' fiscal house in order. he doesn't want a fight. historically this has not been a big fight. if the republicans hold his ground and the president holds his ground, the fight we had over the fiscal cliff will look like child's play compared to this battle. >> john boehner re-elected speaker of the house this week but not without republican defections. if there are winners and losers -- hate using that term because it seems that everything is about winning and losing. but it there are winners and losers, did boehner come out roughed up? >> he's a little roughed up. there was token oppo
raise the debt ceiling, more money can be borrowed. >> the last time they couldn't get the debt ceiling under, that's where we got to the fiscal cliff, right? >> that's right. that big fight over raising the debt ceiling. remember, the danger -- this is one reason the president wanted the first deal, the thing he's really thinking about when he says i am not negotiating, i'm not letting this in negotiations, raising the debt ceiling, he doesn't want the worlds destabilized. he wants...
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Sep 20, 2013
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thee do not raise this -- debt ceiling, we are deadbeats. if we fail to increase the debt limit, we would send our economy into a tailspin. way.is a quote by the do you know who said it? the republican speaker of the house, john boehner. he has said if we do not pay our bills, we will have an economic tailspin. why has it not been done? democrats and some reasonable republicans in congress are willing to raise the debt ceiling and pass a sensible budget. i want to work with democrats and republicans to do just that. claire mccaskill is ready to do it. [applause] cleaver is ready to do it. [applause] just passed the budget and raise the debt ceiling, we can get back to focusing on growing oureconomy and educating kids, all of the things we have to do. unfortunately, there is a faction on the far right of the republican party who convinced their leadership to threaten a government shutdown and potentially threaten to not raise the debt ceiling if they cannot shut off the affordable care ought -- affordable care act also known as obamacare. the
thee do not raise this -- debt ceiling, we are deadbeats. if we fail to increase the debt limit, we would send our economy into a tailspin. way.is a quote by the do you know who said it? the republican speaker of the house, john boehner. he has said if we do not pay our bills, we will have an economic tailspin. why has it not been done? democrats and some reasonable republicans in congress are willing to raise the debt ceiling and pass a sensible budget. i want to work with democrats and...
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Oct 14, 2013
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in less than 72 hours it could go from bad to worse when the debt ceiling expires. congress has raised or reduced it without drama. we're risking the first ever default on the nation's bills. raising the debt ceiling does not give spending only to approval things like military pay and vbenefits. >> what a complete and utter wasted weekend of the leaders. amazing things had been moving thursday night into friday. another meeting of senate republicans and the is president. you had back and forths. things looked to be move aiing along. all of a sudden everything came grinding to a halt. poll numbers punishing republicans. house republicans essentially walked away leaving it to house republicans. path one is this negotiation going on in the senate. maybe they come up with the agreement that gets us through january. path two if that fails, the house caving in at the last minute and passing a quick six week extension and we'll do this all again a couple weeks before thanksgiving. >> tracey pots in washington for us. you saw the option chuck was telling us about. what's ne
in less than 72 hours it could go from bad to worse when the debt ceiling expires. congress has raised or reduced it without drama. we're risking the first ever default on the nation's bills. raising the debt ceiling does not give spending only to approval things like military pay and vbenefits. >> what a complete and utter wasted weekend of the leaders. amazing things had been moving thursday night into friday. another meeting of senate republicans and the is president. you had back and...
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Jun 4, 2013
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i look act to the whole debt ceiling debacle -- i look back to the whole debt ceiling debacle. it fell apart. i can't remember what grand bargain was. it fell apart. barack obama goes and gives a statement and john boehner is a statement. both of them are very clearly work out. you rarely see emotions at that level politics. they are good at not making clear how angry they are. that is one of those things that they get better at. they are good at masking emotion. asked that especially of -- >> but especially obama. he was generally annoyed and that gives 25 -- that gives way to frustration. then he took a different and more successful electoral path, i think. towas no longer willing reach out. his reelection rates are coming up and there were a lot of other factors. but he turned into a much more successful politician from that point on because i think he listened to what ron and what other folks in the administration were saying, which is that you think the republicans are waiting to find something that they want to work with you on and they are not. fact from people in the ad
i look act to the whole debt ceiling debacle -- i look back to the whole debt ceiling debacle. it fell apart. i can't remember what grand bargain was. it fell apart. barack obama goes and gives a statement and john boehner is a statement. both of them are very clearly work out. you rarely see emotions at that level politics. they are good at not making clear how angry they are. that is one of those things that they get better at. they are good at masking emotion. asked that especially of --...
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Jan 23, 2013
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. >>> the house voted to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's vote is a tactical shift in the gop playbook, putting on hold their demand for a debt ceiling increase only with spending cuts attached. >> it's a concession by republicans that they were not going to be able to win a spending cut fight using the debt ceiling vote. >> reporter: the clock is ticking. the country will max out its credit card at $16.4 trillion in several weeks, risking possible default on the nation's debt unless congress okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both hou
. >>> the house voted to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's...
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guest: we are going to hit the debt ceiling in the middle of october. we will run out of money to pay our bills because we will not have the official permission to borrow any more money. sometime between mid-october and the end of october. at that point, if we were to stop paying our bills, that would be a government default. it is unprecedented to imagine that something like that would happen in the united states. we have seen that in other countries around the world like developing nations that are not on their own currency but that is different. this would be self-imposed, self-imposed default, which thed send ripples through global economic system. the fact that we are doing that because small groups are saying we might not be willing to pass the debt ceiling increase is dangerous. i will say that when we come up against the debt ceiling in the middle of october, it is a speed hump that reminds us that we are borrowing too much. that is absolutely true. we are are winning more than $2 billion per day at our at that levels that are the highest they h
guest: we are going to hit the debt ceiling in the middle of october. we will run out of money to pay our bills because we will not have the official permission to borrow any more money. sometime between mid-october and the end of october. at that point, if we were to stop paying our bills, that would be a government default. it is unprecedented to imagine that something like that would happen in the united states. we have seen that in other countries around the world like developing nations...
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Jan 7, 2013
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the debt ceiling vote will authorize payment for debt we already incurred. let me show you an example as someone talking about the debt ceiling and getting it wrong. >> the president is addicted to spending. he wants a new credit card after he maxed out the last one. >> that's a senator from wyoming. a better analogy would be we maxed out that credit card and we need to pay that bill. credit card companies want you to pay for what you bought before issuing that new card. >>> a big day for the 49ers faithful. in just hours tickets will go on sale for this weekend's divisional playoff game again the green bay packers. tickets will only be available online through ticket master starting at 10:00 this morning. the game will be played on saturday at the stick at 5:00. >>> on the college scene is the game for all of the glory number one ranked notre dame taking on number two alabama. that's the bcs national championship game in miami. alabama trying to claim its third national title in four years and become the very first school to win back to back bcs titles. kic
the debt ceiling vote will authorize payment for debt we already incurred. let me show you an example as someone talking about the debt ceiling and getting it wrong. >> the president is addicted to spending. he wants a new credit card after he maxed out the last one. >> that's a senator from wyoming. a better analogy would be we maxed out that credit card and we need to pay that bill. credit card companies want you to pay for what you bought before issuing that new card....
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debt ceiling with the government shut down in the meantime. the dow and the s&p 500 closing at a one-month low. traders say no one is panicking yet, the head of moody's rating agency says it's extremely unlikely the u.s. will default on its debt. let's hope so. we were scheduled to get data on the trade deficit but it's been postponed due to the government shutdown. the dow starts around 14,936 after falling 137 points t nasdaq at 3770 after losing 38. scott, back to you. >> thanks much. coming up in a bit we'll talk more about what the u.s. can do to avoid default if congress won't help. it's really the default that's the scary thing, not shutdown. default. >> good to know. thank you very much. >> i got a tweet from vera saying we have a lot of bad news. we brought in meteorologist christina loren with a look at the forecast. >> i love my job. that's why i got into meteorology. good morning to you. to me rain or shine it's always good news. temperatures are looking really good out there right now. and weather's one of those things you get in
debt ceiling with the government shut down in the meantime. the dow and the s&p 500 closing at a one-month low. traders say no one is panicking yet, the head of moody's rating agency says it's extremely unlikely the u.s. will default on its debt. let's hope so. we were scheduled to get data on the trade deficit but it's been postponed due to the government shutdown. the dow starts around 14,936 after falling 137 points t nasdaq at 3770 after losing 38. scott, back to you. >> thanks...
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the big battle is yet to come and it's over the debt ceiling. it's going to be a big battle, and i share every comment and every sentiment that senator graham said because that's the one where we have to find a way to make a deal. and the president is not going to make a deal by poking us in the eye and by charging one side against the other to try to have a win-win proposition. i never made a deal if it wasn't a win-win proposition. i always lost a deal when i made it a win-lose proposition. i'm at the table. i continue to negotiate. i want to make this one work, but let's work together, let's find common ground, and in the 12th hour and the 11th hour, let's do what's right for the american people. but i want to thank senator graham, senator corker and senator mccain for their remarks. i associate myself with them. senator mccain, i yield back to you. i yield to the senator from tennessee. mr. mccain: i yield. the presiding officer: the senator from tennessee. mr. corker: i thank the senator from arizona, south carolina and georgia for the comm
the big battle is yet to come and it's over the debt ceiling. it's going to be a big battle, and i share every comment and every sentiment that senator graham said because that's the one where we have to find a way to make a deal. and the president is not going to make a deal by poking us in the eye and by charging one side against the other to try to have a win-win proposition. i never made a deal if it wasn't a win-win proposition. i always lost a deal when i made it a win-lose proposition....
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Jan 25, 2013
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i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and sequestration is no cuts at all. if we don't have the sequestration cuts at the top line revenue level went we will increase the debt ceiling with almost nothing to show for it. part of the reasons why the house republicans this week, extended the debt cerealing for three months to feel out paul ryan and his team to draft a budget that gets us balanced in 10 years but also protects the department of defense from further cuts because they have already been cut by $500 billion. >> do you get the idea, do you get the sense that americans are tired of world business. that doing some business here at
i have said many times, i would oppose the budget control act which will raise the debt ceiling. in part, because the way the question provisions were written. they were unbalanced. 50% of our cuts come from the defense. it just cut everything by the same amount as opposed to give our military leaders the pentagon to cut from unsuccessful and outdated programs and put more money into the most successful and important programs. with that said, the only thing worse than the defense cuts and...
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a fight over the debt ceiling will reach its limit in about two weeks. house speaker john boehner says, however, that he will not allow the nation to default on its debt. the house plans to vote on more piece meal bills today. it would approve back pay for furloughed workers once the government reopens. >> a live look along constitution avenue in northwest on capitol hill or northeast. it should be where streets are starting to reopen more than 12 hours after an intense chase that led to a tedly shoot iing. megan mcgrath is gathering more information about what things are like down there now. >>> first, another pleasant start to your morning. the warm weather we've been having has been feeling like summer. tom kierein here now with more on your forecast. more warm weather, tom? >>> it's muggy this morning, too. and as a result we have some patchy fog forming around much the region this morning in the rural areas. visibility down under a quarter of a mile. with that patchy fog down to near 60 degrees but closer to washington don't have much fog. a few are
a fight over the debt ceiling will reach its limit in about two weeks. house speaker john boehner says, however, that he will not allow the nation to default on its debt. the house plans to vote on more piece meal bills today. it would approve back pay for furloughed workers once the government reopens. >> a live look along constitution avenue in northwest on capitol hill or northeast. it should be where streets are starting to reopen more than 12 hours after an intense chase that led to...
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working on the debt ceiling is a huge part of that. if you look at any of the ideas that have been put forward to address the deficit and debt and the long-term growth of this country, it involves not only tax reform, it involves entitlement reform, balancing the budget and controlling spending. all of those things go into controlling the the debt the right way. host: has the president been a leader on these issues? guest: he needs to be more engaged on these issues and he needs to tell the people of this country what he believes the right plan is. host: that we go back to what senator mcconnell said and ask you to put some specifics to these words. guest: a similar plan passed the house committee, but the fall plan did not get through the house. we are improving the farm policy for farmers and ranchers, but at the same time, finding real savings. the other thing, when you put a five-year plan in place, you create certainty. that certainty stimulates investment and that stimulates economic growth that not only means putting people back
working on the debt ceiling is a huge part of that. if you look at any of the ideas that have been put forward to address the deficit and debt and the long-term growth of this country, it involves not only tax reform, it involves entitlement reform, balancing the budget and controlling spending. all of those things go into controlling the the debt the right way. host: has the president been a leader on these issues? guest: he needs to be more engaged on these issues and he needs to tell the...
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what is the debt ceiling? it's the equivalent of the government's credit card limit, when the country runs out of money to pay its bills and can't borrow another dime. the u.s.'s debt limit is $16 trillion. trillion with a t. then what? if congress doesn't green light the government borrowing more the u.s. could default unable to pay its it's. they're all scheduled to get their payments november 1st. big picture, what's at stake? forecasters predict an economic calamity with the treasury department saying it could be casts caststrophic. those low interest rates are used to guard, same problem for anybody looking to refinance a house. the mortgage rate could skyrocket. >> i have people scrambling to get things in before rates go up any higher. >> reporter: the white house appears to be leaving the door open for at least a temporary solution refusing to rule out a short-term extension, even a matter of weeks, maybe six or eight weeks. if house republicans agree to reopen the government and increase the debt ceil
what is the debt ceiling? it's the equivalent of the government's credit card limit, when the country runs out of money to pay its bills and can't borrow another dime. the u.s.'s debt limit is $16 trillion. trillion with a t. then what? if congress doesn't green light the government borrowing more the u.s. could default unable to pay its it's. they're all scheduled to get their payments november 1st. big picture, what's at stake? forecasters predict an economic calamity with the treasury...
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Sep 25, 2013
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he is trying to delay a vote on the plan to raise the debt ceiling. we'll have a live report from capitol hill coming up next. young adults, and that was the "star wars" franchise. the discussion of a rebellion against oppression, i think it captures a lot of what's going on here. we started this debate some 18 hours ago talking about the divide between the washington establishment that is not listening to the american people, that is >>> welcome back. senator ted cruz has been there for 17 hours. all this has to do with your health care. republicans are talking through you the night and they plan to keep going. "today in the bay's" tracie potts is live on capitol hill to explain how senator cruz is throwing a wrench in today's vote on health care and a new budget. to be sure, this isn't actually a true filibuster? >> reporter: no, it's not. you will have to give it up at some point around mid-day when they plan to have this vote. he is going to have to take a seat. what you are not seeing are the brand new black sneakers that staffers say he could bo
he is trying to delay a vote on the plan to raise the debt ceiling. we'll have a live report from capitol hill coming up next. young adults, and that was the "star wars" franchise. the discussion of a rebellion against oppression, i think it captures a lot of what's going on here. we started this debate some 18 hours ago talking about the divide between the washington establishment that is not listening to the american people, that is >>> welcome back. senator ted cruz has...
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even if we don't reach the debt ceiling there would still be that money to pay it but the question is what other bills do you pay? is that what has the economic consequence. >> exactly. the government can't pay every deal without getting more debt. >> what do you think you should do if you're a regular citizen sitting at home watching this unfold in washington? are you in the stock market or bond market or out of it. >> we're a rich country. if you try to get out now and get back in, i think you'll fail. this is not a crisis involving our country being bankrupt. we have the money to pay. it's just political. >> always good to get your perspective. here's matt. >>> new details on how the government shutdown is effecting military families. nbc's andrea mitchell is here with a closer look at that. good morning. >> reporter: good morning, matt. of all the outrage in washington over the government shutdown, this one really hits home. the families of five u.s. troops killed over the weekend in afghanistan got a second call from the government. the government cannot pay their death benefits.
even if we don't reach the debt ceiling there would still be that money to pay it but the question is what other bills do you pay? is that what has the economic consequence. >> exactly. the government can't pay every deal without getting more debt. >> what do you think you should do if you're a regular citizen sitting at home watching this unfold in washington? are you in the stock market or bond market or out of it. >> we're a rich country. if you try to get out now and get...
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good to have you here. >> good morning. >> debt ceiling. first of all, when people hear this term and the shutdown as we said, people are like, i don't get it. what does this really mean to me? is the government really going to run out of money? deborah? >> the debt ceiling is the authorization for our country to pay its bills. sometimes that day comes and they don't quite have enough money so they have to borrow a little to pay those bills on that day, and that's where we're at. if they don't get that debt ceiling raised, they won't be able to go out and make that short-term borrowing to cover those bills on that day. >> think of our bank account. if you put your atm card in, you can't withdraw money if you don't have money in the account. >> beginning of the, month the mortgage is due, the car, the groceries and your kid needs something for school. >> brian, what happens tomorrow? say there is no deal. we hope there is, but maybe there won't be. is it the end of the world tomorrow? is it in a week? is it november 1st as some have said? >>
good to have you here. >> good morning. >> debt ceiling. first of all, when people hear this term and the shutdown as we said, people are like, i don't get it. what does this really mean to me? is the government really going to run out of money? deborah? >> the debt ceiling is the authorization for our country to pay its bills. sometimes that day comes and they don't quite have enough money so they have to borrow a little to pay those bills on that day, and that's where we're...
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that's the debt ceiling. as bad as the shutdown is, economists warn that failing to raise the debt ceiling would be infinitely worse. it's now week two of the government shutdown that both sides insist they want to end. >> congress should do what's in the best interest of the economy and the american people. >> house speaker john boehner is demanding the president make a deal. >> mr. president, it's time to have that conversation before our economy is put further at risk. >> reporter: next up, that october 17th deadline with concern that congress won't raise the debt ceiling by then. what is it? it's the equivalent of the credit card limit, when nay run out of money and can't borrow another dime. it's nearly $16.7 trillion dollars, trillion, with a t. it's estimated to hit it on the 17th. then if the congress doesn't green light the borrowing of more, the u.s. could default. bad news for social security recipients, medicare providers and members of the military, all scheduled to get the payments november 1st.
that's the debt ceiling. as bad as the shutdown is, economists warn that failing to raise the debt ceiling would be infinitely worse. it's now week two of the government shutdown that both sides insist they want to end. >> congress should do what's in the best interest of the economy and the american people. >> house speaker john boehner is demanding the president make a deal. >> mr. president, it's time to have that conversation before our economy is put further at risk....
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now discussion that the whole affordable care act may become part of the debt ceiling debate. we are gearing up for a fiscal cliff type scenario like we had last year. not quite as big, but with all the drama of whether the government will be shut down in that debate occurring in november. >> the timing of it is -- originally i thought it would be a september debate. the actual timeline is after enrollment begins. we are going to a long, hot december. the timing of it may interact therethe aca differently. was a question here. introduce yourself, please. >> maria, with business roundtable.how about funding through the exchanges? will states be seeking more funding than they receive from the federal government? how will that work?what are you hearing? >> states are eligible to apply for establishment grants through august of 2014. that is particularly for states that may elect to run state- based exchanges or take on certain functions. after that year, they have to be fully self-sustaining. they all have different models they are working on for self sustainability, including fe
now discussion that the whole affordable care act may become part of the debt ceiling debate. we are gearing up for a fiscal cliff type scenario like we had last year. not quite as big, but with all the drama of whether the government will be shut down in that debate occurring in november. >> the timing of it is -- originally i thought it would be a september debate. the actual timeline is after enrollment begins. we are going to a long, hot december. the timing of it may interact...
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hearings continue on capitol hill today as we move closer to the debt ceiling. senate committee will hear testimony on the impact of the shutdown on economic security. among those expected to speak ntsb board chair debra hearseman and private sector leaders and scientists. the president is expected to meet with senate republicans to talk about options for ending the shutdown and raising the debt limit. lawmakers have until thursday to act or the u.s. will be unable to pay its bills. the president will also meet with small business owners today. the shutdown has stopped small business association loans and other programs. >> california national parks unfortunately including yosemite will be staying closed until the shutdown ends. that's despite the federal government saying states can reopen parks if they foot the bill for the federal employees. california's finance department says the state doesn't have the money to pick up the tab, so those parks and any other national sites will stay closed until the shutdown ends. a new study find the u.s. hits the debt ceili
hearings continue on capitol hill today as we move closer to the debt ceiling. senate committee will hear testimony on the impact of the shutdown on economic security. among those expected to speak ntsb board chair debra hearseman and private sector leaders and scientists. the president is expected to meet with senate republicans to talk about options for ending the shutdown and raising the debt limit. lawmakers have until thursday to act or the u.s. will be unable to pay its bills. the...
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passage of the budget control ct allowed the debt ceiling to rise so we could honor our commitments and avoid a catastrophic default that would returned us to a recession or worse. imposed a requirement that over $1 reduction deficit through automatic take -the-boards cuts place unless we reached a cuts.omise to avoid those those cuts were so deep, so of us nal, that most assumed that we would reach a avoid them.o but we did not. those cuts, known as were triggered , where fiscal year 2013 we are right now. hey have halted those cuts, training for one-third of the air force's fighter and bomber squadrons. he navy's deferred depot maintenance on ships that were planned for this year. he army has canceled rotations to its national training centers. ach service has had to reduce maintenance programs to restore equipment after more than a of harsh and constant and have to cut modernization programs. while some in congress regard of these cuts as savings, i don't. repairing the damage will only grow more costly in the years to kocom come. after so much recent evidence of total force, he acti
passage of the budget control ct allowed the debt ceiling to rise so we could honor our commitments and avoid a catastrophic default that would returned us to a recession or worse. imposed a requirement that over $1 reduction deficit through automatic take -the-boards cuts place unless we reached a cuts.omise to avoid those those cuts were so deep, so of us nal, that most assumed that we would reach a avoid them.o but we did not. those cuts, known as were triggered , where fiscal year 2013 we...
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73
Jun 8, 2013
06/13
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the last time around the markets seized up the closer we got. >> the question is on the debt ceiling. yes, there was some discussion on that, obviously, the deadline for hitting the debt ceiling has been pushed back. what we've heard from meetings in washington, it might be october or november that we might hit the debt ceiling thresholds. there wasn't a lot of concern, people thought it was more likely to be some action but we don't think that will happen before the dead line. until we change that date i don't think we'll have a better read on what that is headed. we've been through that a few times so it might not have as big of a market shock as it has in the past because people get comfortable with these discussions going on here in washington. >> any more questions? we'll conclude today's event. we thank you for coming and we hope you will stay around to meet the economists. > thank you. >> president obama and chies president xi jinping is in california tonight. they held a bilateral meeting to talk about u.s./china relations. this is about 15 minutes. >> it gives me great pleasu
the last time around the markets seized up the closer we got. >> the question is on the debt ceiling. yes, there was some discussion on that, obviously, the deadline for hitting the debt ceiling has been pushed back. what we've heard from meetings in washington, it might be october or november that we might hit the debt ceiling thresholds. there wasn't a lot of concern, people thought it was more likely to be some action but we don't think that will happen before the dead line. until we...
890
890
Oct 10, 2013
10/13
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barreling towards its borrowing limit, the so-called debt ceiling deadline now exactly one week away, few signs of real progress. house democrats huddling with the president late wednesday. >> the debt ceiling needs to be lifted. >> reporter: among the glimmers of hope, some republicans are weighing their willingness to accept a short-term debt limit deal and top republicans shifted their focus away from gutting the president's health care law. in an interview with wrc, president obama warned of economic turmoil if the u.s. doesn't cover its debts. >> the financial markets can't even imagine that we would get to a point when we wouldn't be paying our bills. >> reporter: still, a group of hard core republicans who summed up the debt limit deniers said the president is exaggerating the impact. >> i'm not advocating we go through the debt ceiling deadline. but what am i saying is if you go through it, you will not default. >> the debt ceiling does not equal default. >> reporter: most federal budget experts call that talk, dangerous. >> this is the equivalent of saying, you know, let's pu
barreling towards its borrowing limit, the so-called debt ceiling deadline now exactly one week away, few signs of real progress. house democrats huddling with the president late wednesday. >> the debt ceiling needs to be lifted. >> reporter: among the glimmers of hope, some republicans are weighing their willingness to accept a short-term debt limit deal and top republicans shifted their focus away from gutting the president's health care law. in an interview with wrc, president...
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1.1K
Jan 9, 2013
01/13
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you have a number of other things that you can do that includes the debt ceiling. my point is that you have to get to the table and start working now. if we wait before the week or so before to start talking to each other we won't get it done. >> you forged a nice relationship with the president in the wake of hurricane sandy. you guys hit it off. there was that bromance that everyone talk about. do you still have his ear? might you be of some use as he approaches republicans during this debate? >> i don't offer my advice to the president in that way. what i've dealt with the president on is hurricane sandy and that's what the nature of our relationship is. he is not calling me matt at 11:00 at night and saying, hey, chris, what are you thinking about this? that's not how the relationship works. the fact is, i'll continue to speak out publicly about the things that i think are important, and anybody in washington, d.c. who wants to come to new jersey and see om of the stuff we're doing, how i'm working with the democratic legislature to try to bring compromise and
you have a number of other things that you can do that includes the debt ceiling. my point is that you have to get to the table and start working now. if we wait before the week or so before to start talking to each other we won't get it done. >> you forged a nice relationship with the president in the wake of hurricane sandy. you guys hit it off. there was that bromance that everyone talk about. do you still have his ear? might you be of some use as he approaches republicans during this...
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59
Oct 2, 2013
10/13
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avoid the debt ceiling. he says the government will exhaust borrowing ability on october 17th and have less than $30 billion in cash to pay the bills. he is urging congress to immediately raise the debt limit or raise default. that may not derail the housing recovery. it could delay the mortgage process. most take 30-60 days to close. they pull a barrower's tax records. >>> rob is in for christina. what are we looking like? >> fog, mostly clear, a little chilly. the real taste of fall. 40s and 50s for the morning but 70s by the time we get to the afternoon. 55 in san francisco. a chilly 48 in napa, if you don't like windy weather, enjoy today, because the winds are going to be picking up, specially as we get into thursday and friday. first, let's show you the satellite radar view. the source of the high clouds we have seen moving across the bay area. generally, some thin clouds that will filter the sun. no worries about rain out of these clouds. the pattern shift that's about to take place. clear skies. rela
avoid the debt ceiling. he says the government will exhaust borrowing ability on october 17th and have less than $30 billion in cash to pay the bills. he is urging congress to immediately raise the debt limit or raise default. that may not derail the housing recovery. it could delay the mortgage process. most take 30-60 days to close. they pull a barrower's tax records. >>> rob is in for christina. what are we looking like? >> fog, mostly clear, a little chilly. the real taste of...
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73
Apr 17, 2013
04/13
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CSPAN2
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possibly defaultings circumstance with the debt ceiling. and part of the reason why some have suggested that the debt ceiling is problematic and our need to raise it is problematic. it's because of a misconsumption as it relates to the debt ceiling represents. isn't it a backwards looking vehicle that gives the administration the opportunity to pay for bills that have already been encouraged. >> that's correct. most of the obligation that have been incurred or many obligation relate to policy and decisions that were made during the eight years of prior administration. that would include the tax cut. >> absolutely. >> and include the prescription drug benefit. conclude the entered to as it relates to iraq weapons of mass destruction that never found. >> all spending authorized by congress is included. and the spending you have described is all part of what is being covered. >> based on your experiences in clinton administration, it would be fair to say that perhaps the best strategy in order to deal with the debt problem as well as the defic
possibly defaultings circumstance with the debt ceiling. and part of the reason why some have suggested that the debt ceiling is problematic and our need to raise it is problematic. it's because of a misconsumption as it relates to the debt ceiling represents. isn't it a backwards looking vehicle that gives the administration the opportunity to pay for bills that have already been encouraged. >> that's correct. most of the obligation that have been incurred or many obligation relate to...
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66
Oct 12, 2013
10/13
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it would reopen the government and raise the debt ceiling. in exchange, the obama administration would approve a small change to the new health care law, a controversial tax would be delayed. but nothing is set in stone yet. lawmakers in the house and the senate are set to work through the weekend. >> first lady michelle obama cancelled her trip to the bay area this weekend. she was coming to attend three different fund-raisers to benefit the national democratic committee. the white house says the events will be rescheduled once the shutdown is over. >> still ahead on "today in the bay," who has control of your image? the changes google is making that could give more power to itself offer where your face appears. >> also, how easy was it? we follow a bay family through the process of signing up for obama through covered california. >>> so far more than 16,000 people have signed up for health insurance on covered california, the state's way to access obama care. more than a million people have checked out the web site. many people are confused
it would reopen the government and raise the debt ceiling. in exchange, the obama administration would approve a small change to the new health care law, a controversial tax would be delayed. but nothing is set in stone yet. lawmakers in the house and the senate are set to work through the weekend. >> first lady michelle obama cancelled her trip to the bay area this weekend. she was coming to attend three different fund-raisers to benefit the national democratic committee. the white house...